638,744 Shares of Citigroup Inc. $C Purchased by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments acquired 638,744 Citigroup shares during the third quarter, valued at approximately $82.7 million. Institutional investors collectively own 71.72% of Citigroup.
• Citigroup’s latest quarterly results exceeded expectations, with EPS of $2.85 versus the $2.66 consensus and revenue of $23.84 billion. Management also raised its 2026 return target, improved its net-interest-income outlook, increased the dividend, and authorized a $30 billion buyback.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $150.87, although the stock recently traded below its 50-day and 200-day moving averages, signaling near-term technical weakness.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Citigroup Inc. (NYSE:C - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 638,744 shares of the company's stock, valued at approximately $82,705,000.

Other institutional investors have also recently made changes to their positions in the company. Paladin Partners LLC bought a new position in shares of Citigroup in the 2nd quarter worth about $27,000. Pin Oak Investment Advisors Inc. bought a new stake in Citigroup during the second quarter worth about $29,000. Balance Wealth Partners LLC purchased a new stake in Citigroup in the third quarter worth about $27,000. Whipplewood Advisors LLC purchased a new stake in Citigroup in the first quarter worth about $25,000. Finally, Center for Financial Planning Inc. increased its stake in shares of Citigroup by 78.7% during the third quarter. Center for Financial Planning Inc. now owns 243 shares of the company's stock valued at $31,000 after purchasing an additional 107 shares in the last quarter. Institutional investors own 71.72% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on C shares. TD Cowen lowered their target price on shares of Citigroup from $150.00 to $148.00 and set a "buy" rating for the company in a report on Wednesday, October 14th. Evercore set a $135.00 price target on Citigroup in a research note on Wednesday, October 14th. Argus set a $150.00 price objective on Citigroup in a research report on Wednesday, July 15th. Zacks Research cut Citigroup from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 14th. Finally, Wall Street Zen downgraded Citigroup from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Citigroup has an average rating of "Moderate Buy" and an average price target of $150.87.

Citigroup News Roundup

Here are the key news stories impacting Citigroup this week:

• Positive Sentiment: Debt redemption may improve funding flexibility. Citibank, N.A., Citigroup’s principal banking subsidiary, announced the full redemption of $2 billion of 5.488% notes due 2026 and $500 million of floating-rate notes due 2026. Retiring the obligations could reduce future interest expense and refinancing needs, although it also uses $2.5 billion of cash. Citibank Announces $2 Billion Redemption of Notes
• Positive Sentiment: Recent operating trends remain supportive. Citigroup’s latest reported quarter exceeded consensus estimates on earnings and revenue, while management raised its 2026 return-on-tangible-common-equity target above 11%, improved its net-interest-income outlook, increased the dividend and authorized a new $30 billion buyback. These measures provide potential support for earnings per share and shareholder returns. Citigroup Could Be Undervalued
• Neutral Sentiment: Options activity signals volatility, not direction. Recent options-market activity indicates traders are positioning for a potentially large move in C stock, but the available report does not establish whether investors are predominantly bullish or bearish. Options Traders Betting on a Big Move in Citigroup Stock
• Negative Sentiment: Technical weakness is offsetting the fundamental positives. Shares remain below both their 50-day and 200-day moving averages after a recent pullback. That positioning can encourage short-term selling and profit-taking, particularly while investors await a clearer catalyst beyond the buyback, dividend and guidance upgrades.

Citigroup Stock Performance

Shares of C stock opened at $122.62 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The company has a 50 day moving average price of $130.02 and a 200-day moving average price of $126.44. Citigroup Inc. has a 52 week low of $95.83 and a 52 week high of $147.96. The firm has a market capitalization of $209.14 billion, a PE ratio of 11.96, a P/E/G ratio of 0.54 and a beta of 1.13.

Citigroup (NYSE:C - Get Free Report) last released its quarterly earnings results on Tuesday, October 13th. The company reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.19. The firm had revenue of $23.84 billion for the quarter, compared to the consensus estimate of $23.74 billion. Citigroup had a return on equity of 10.57% and a net margin of 10.97%. The company's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $1.86 EPS. As a group, equities research analysts expect that Citigroup Inc. will post 11.44 earnings per share for the current year.

Citigroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 2nd will be paid a dividend of $0.67 per share. The ex-dividend date is Monday, November 2nd. This represents a $2.68 dividend on an annualized basis and a dividend yield of 2.2%. Citigroup's payout ratio is 26.15%.

About Citigroup

Citigroup Inc is a global financial services company headquartered in New York City and operates under the Citi brand. The company provides banking, lending, investment, wealth management and other financial services to individuals, businesses, institutions and governments.

Citi's consumer offerings include checking and savings accounts, credit cards, mortgages, personal lending and wealth management services. Through its institutional businesses, the company provides investment banking, commercial banking, securities brokerage, markets and trading, cash management, trade finance and custody services.

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